State Department announces sanctions on seven entities trading Iranian oil to fund regime activities

The State Department on Wednesday announced new sanctions on seven entities it accuses of trading Iranian oil and petrochemical products, which has brought the country's regime upwards of $500 million to fund its terrorist activities. 

The department targeted four sellers and one purchaser of Iranian petrochemicals, one marine management company that has transported millions of barrels of Iranian petroleum products, and one cargo inspection company.

"The president is committed to driving Iran’s illicit oil and petrochemical exports — including exports to China — to zero under his maximum pressure campaign," Secretary of State Marco Rubio said in a statement. 

"So long as Iran attempts to generate oil and petrochemical revenues to fund its destabilizing activities, and support its terrorist activities and proxies, the United States will take steps to hold both Iran and all its partners engaged in sanctions evasion accountable," he added.

The sanctions have been imposed on five United Arab Emirates-based companies, one Turkish company, and one Iran-based company. The largest supplier has exported more than "$300 million worth of shipments containing Iranian-origin petrochemical products to third party countries."

The administration has also labeled two vessels managed by the marine company as "blocked property."

The move comes as the Trump administration imposes a maximum pressure campaign on Iran to help weaken its terrorist activities in the Middle East, including through its use of proxy forces. 

Misty Severi is a news reporter for Just The News. You can follow her on X for more coverage.